Mar 29, 2025

Weekly preview

a-b-c higher as expected and now something lower. Idealy this decline is b-wave and the correction continues to complete 20w high. Alternate the indices continue lower and make lower low with divergence for 40w low.


TECHNICAL PICTURE and ELLIOTT WAVES
Short term - the zig-zag is completed now this should be a b-wave.


Intermediate term - currently I expect test of the MA200 and lower low with divergence.


Long term - zig-zag(from 2020) for y/B at 9y cycle high 2000-2007-2015-2024.


MARKET BREADTH INDICATORS
Market Breadth Indicators - nothing new in the middle of the ranges.
McClellan Oscillator - below zero.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - in the middle of the range.
Percent of Stocks above MA50 - in the middle of the range.
Advance-Decline Issues - in the middle of the range.
Fear Indicator VIX - turned higher.


HURST CYCLES
Short term cycles - maybe 20d low or early next week.


The indices are in the time band for 40w cycle low, average length is 32-36 weeks.
The perfect 10w/20w/40w cycles model using NDX(the other indices are the same) pretty good length and sequence highs/lows - https://invst.ly/19ql3q
Posted by at

1 comment:

  1. Roberto MattheusMar 29, 2025, 2:57:00 PM

    This was my count as well, but the current move down does not feel panicky enough for a C of B yet. I'm thinking we're in the last wave down (5). We'll see soon enough, I always appreciate your chats. We should bottom this week for sure.

    ReplyDelete

Subscribe to: Post Comments (Atom)